FGSAX vs. XMMO
Compare and contrast key facts about Federated Hermes MDT Mid Cap Growth Fund (FGSAX) and Invesco S&P MidCap Momentum ETF (XMMO).
FGSAX is managed by Federated. It was launched on Aug 23, 1984. XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGSAX or XMMO.
Correlation
The correlation between FGSAX and XMMO is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FGSAX vs. XMMO - Performance Comparison
Key characteristics
FGSAX:
-0.24
XMMO:
-0.41
FGSAX:
-0.17
XMMO:
-0.41
FGSAX:
0.98
XMMO:
0.95
FGSAX:
-0.19
XMMO:
-0.37
FGSAX:
-0.72
XMMO:
-1.36
FGSAX:
7.16%
XMMO:
6.57%
FGSAX:
21.56%
XMMO:
22.04%
FGSAX:
-68.55%
XMMO:
-55.37%
FGSAX:
-26.54%
XMMO:
-23.98%
Returns By Period
The year-to-date returns for both investments are quite close, with FGSAX having a -16.70% return and XMMO slightly higher at -16.22%. Over the past 10 years, FGSAX has underperformed XMMO with an annualized return of 0.68%, while XMMO has yielded a comparatively higher 12.96% annualized return.
FGSAX
-16.70%
-14.56%
-12.26%
-3.97%
10.25%
0.68%
XMMO
-16.22%
-12.42%
-14.36%
-7.67%
18.55%
12.96%
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FGSAX vs. XMMO - Expense Ratio Comparison
FGSAX has a 1.15% expense ratio, which is higher than XMMO's 0.33% expense ratio.
Risk-Adjusted Performance
FGSAX vs. XMMO — Risk-Adjusted Performance Rank
FGSAX
XMMO
FGSAX vs. XMMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Mid Cap Growth Fund (FGSAX) and Invesco S&P MidCap Momentum ETF (XMMO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FGSAX vs. XMMO - Dividend Comparison
FGSAX has not paid dividends to shareholders, while XMMO's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGSAX Federated Hermes MDT Mid Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.00% | 0.15% |
XMMO Invesco S&P MidCap Momentum ETF | 0.59% | 0.34% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% | 1.24% |
Drawdowns
FGSAX vs. XMMO - Drawdown Comparison
The maximum FGSAX drawdown since its inception was -68.55%, which is greater than XMMO's maximum drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for FGSAX and XMMO. For additional features, visit the drawdowns tool.
Volatility
FGSAX vs. XMMO - Volatility Comparison
Federated Hermes MDT Mid Cap Growth Fund (FGSAX) has a higher volatility of 12.75% compared to Invesco S&P MidCap Momentum ETF (XMMO) at 11.19%. This indicates that FGSAX's price experiences larger fluctuations and is considered to be riskier than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.